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Commercial Equipment Finance - Credit Manager

San Francisco, California;

Job Description:

Business Overview:

Bank of America Global Leasing is the largest U.S. equipment financing company, serving over 59,000 clients worldwide. We have $71 billion in total assets, and have a significant global presence, with nearly 1,000 associates. Together with our affiliated companies*, we provide equipment financing solutions to small businesses, middle-market and large corporations, offering product expertise in government financing and wholesale vendor financing, as well as tailored programs specific to industry segments, including aviation, healthcare, energy services and renewable energy.

*Certain products are offered through Banc of America Public Capital Corp, a wholly-owned subsidiary of Bank of America N.A.

Essential Functions:

Seasoned credit professional experienced in supporting commercial equipment financing.  The individual will be responsible for managing a team of credit professionals supporting the Commercial Equipment Finance platform.   Work closely with the deal teams, new business originators, colleagues within Corporate Credit Risk, Risk Management, Global Leasing and Bank Credit Managers and Global Leasing Senior Management. 

Manage the evaluation and underwriting of new commercial equipment financing opportunities, including the identification and assessment of all strengths, weaknesses and risks (including credit risk, market risk, and operational risk) associated with the opportunity as well as identifying and describing mitigating factors. 

                                                                                                            

The individual will be responsible for managing the evaluation, review and written analysis of all factors that affect the client’s ability to repay and/or service its obligations on time. The complexity of the clients and related transactions requiring analysis can vary over a wide spectrum.

The individual will use his/her skill set to assess the appropriateness of existing solutions and to propose optimal financing alternatives or additional financing solutions. They are involved in managing asset quality and the approval process through their interaction with the Credit team, Risk Management Officers, Marketing Officers and senior Credit Managers.  The ability to manage others, collaborate with partners, efficiently multi-task, and be decisive are important keys to success.  

Preferred Education:

Undergraduate degree in finance or accounting preferred; MBA preferred.

Preferred Prior Work Experience:

10+ year’s progressive experience in the leasing industry, in a credit underwriting and structuring role; 3+ years of management experience

Preferred/Desired Skills:

  • Leadership – ability to motivate and influence team and business partners

  • Recognized as a highly experienced and thought leader in the structuring and delivery of complex solutions

  • Proven experience in leadership, decision making, coaching, effective partnering

  • Experience managing a team of credit professionals; proven management skills

  • Seasoned manager with extensive relevant business experience, skill and product knowledge coupled with superior credit skills

  • Knowledge of commercial equipment financing from a credit underwriting perspective

  • Excellent credit and risk analysis skills – ability to identify trends and risks in portfolio and in underwriting and client selection

  • Excellent presentation, structuring, and financial statement analysis skills

  • Problem solving/Risk Mitigation

  • Attention to detail

  • Clear and articulate oral and written communication skills

  • Strong computer skills

  • Strong organizational skills

  • Team player

  • Results oriented, is able to accomplish objectives in a specified timeframe                                                                           

  • Travel – 20%

  • Location – San Francisco preferred; Chicago, New York, Boston, Providence

Job Band:

H4

Shift: 

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Monday-Friday

Referral Bonus Amount:

3000

Job Description:

Business Overview:

Bank of America Global Leasing is the largest U.S. equipment financing company, serving over 59,000 clients worldwide. We have $71 billion in total assets, and have a significant global presence, with nearly 1,000 associates. Together with our affiliated companies*, we provide equipment financing solutions to small businesses, middle-market and large corporations, offering product expertise in government financing and wholesale vendor financing, as well as tailored programs specific to industry segments, including aviation, healthcare, energy services and renewable energy.

*Certain products are offered through Banc of America Public Capital Corp, a wholly-owned subsidiary of Bank of America N.A.

Essential Functions:

Seasoned credit professional experienced in supporting commercial equipment financing.  The individual will be responsible for managing a team of credit professionals supporting the Commercial Equipment Finance platform.   Work closely with the deal teams, new business originators, colleagues within Corporate Credit Risk, Risk Management, Global Leasing and Bank Credit Managers and Global Leasing Senior Management. 

Manage the evaluation and underwriting of new commercial equipment financing opportunities, including the identification and assessment of all strengths, weaknesses and risks (including credit risk, market risk, and operational risk) associated with the opportunity as well as identifying and describing mitigating factors. 

                                                                                                            

The individual will be responsible for managing the evaluation, review and written analysis of all factors that affect the client’s ability to repay and/or service its obligations on time. The complexity of the clients and related transactions requiring analysis can vary over a wide spectrum.

The individual will use his/her skill set to assess the appropriateness of existing solutions and to propose optimal financing alternatives or additional financing solutions. They are involved in managing asset quality and the approval process through their interaction with the Credit team, Risk Management Officers, Marketing Officers and senior Credit Managers.  The ability to manage others, collaborate with partners, efficiently multi-task, and be decisive are important keys to success.  

Preferred Education:

Undergraduate degree in finance or accounting preferred; MBA preferred.

Preferred Prior Work Experience:

10+ year’s progressive experience in the leasing industry, in a credit underwriting and structuring role; 3+ years of management experience

Preferred/Desired Skills:

  • Leadership – ability to motivate and influence team and business partners

  • Recognized as a highly experienced and thought leader in the structuring and delivery of complex solutions

  • Proven experience in leadership, decision making, coaching, effective partnering

  • Experience managing a team of credit professionals; proven management skills

  • Seasoned manager with extensive relevant business experience, skill and product knowledge coupled with superior credit skills

  • Knowledge of commercial equipment financing from a credit underwriting perspective

  • Excellent credit and risk analysis skills – ability to identify trends and risks in portfolio and in underwriting and client selection

  • Excellent presentation, structuring, and financial statement analysis skills

  • Problem solving/Risk Mitigation

  • Attention to detail

  • Clear and articulate oral and written communication skills

  • Strong computer skills

  • Strong organizational skills

  • Team player

  • Results oriented, is able to accomplish objectives in a specified timeframe                                                                           

  • Travel – 20%

  • Location – San Francisco preferred; Chicago, New York, Boston, Providence

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-22044346

Band: H4

Manages People: No

Travel: Yes, 20% of the time

Manager:

Talent Acquisition Contact:

Jason Olomon

Referral Bonus:

3000